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WAEC Commerce 2013 Question 44

Question 44

Business Units

The process of winding up a public limited company by a court order is known as

  1. A.termination.
  2. B.dissolution.
  3. C.voluntary liquidation.
  4. D.compulsory liquidation.
Show the answer and explanation

Answer: D (compulsory liquidation.)

Explanation

Winding up ordered by a court is compulsory liquidation.